News & Announcements

HERFY FOODS

25 April, 2024 09:49

Herfy Food Services Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	289,042,298	275,126,129	5.058	297,308,094	-2.78
Gross Profit (Loss)	72,104,372	54,280,305	32.837	75,216,088	-4.137
Operational Profit (Loss)	9,400,513	-4,445,451	-	14,350,900	-34.495
Net profit (Loss)	448,244	-12,816,131	-	5,625,082	-92.031
Total Comprehensive Income	448,244	-12,816,131	-	6,502,814	-93.106
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	1,033,925,356	1,043,736,773	-0.94
Profit (Loss) per Share	0.01	-0.2
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The increase in the Revenues for the first quarter of 2024 compared to the Revenues for the same quarter of 2023 is due to the increase in sales of the restaurant sector and other sectors- meat and bakery products -
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for achieved net profit for the first Quarter of 2024 compared to the net losses for the Same quarter of 2023 is due to the increase of the sales and the decrease of the General and Administration Expenses and Zakat Expenses. despite the decrease of net other Income and the increase the Selling and Marketing Expenses, and the Finance Cost .
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the decrease in the Revenues in the first quarter of 2024 compared to the previous quarter is due to a decrease in the sales of restaurant sector due to the Ramadan month beginning in the first quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in net profit for the first Quarter of 2024 compared to the previous quarter is due to a decrease in Sales and Net Other Income, also the increase of the Marketing and Selling Expenses and Finance Cost despite a decrease of General and Administrative Expenses and Zakat Expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	Non
Reclassification of Comparison Items	Non
Additional Information	-

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